Dialog, BOI in Rs24 bn investment to improve ICT infrastructure


Oct 21, 2015 (LBO) – Dialog Axiata Plc entered into an agreement with Board of Investment of Sri Lanka to invest 25.6 billion rupees or 175 million US dollars to improve the island’s ICT infrastructure, the company said in a filing to the Colombo Stock Exchange.

The investment agreements span a broad scope of ICT infrastructure development by the Dialog group encompassing the expansion of 3rd generation and 4th generation high speed broadband servicers alongside further development of the group’s fiber optic transmission network, international telecommunication network and digital satellite television infrastructure.

The company says it will also direct targeted investments towards the expansion of its digital servicer’s portfolio spanning ventures and initiatives in digital payment, commerce education and health.

(Updating )